The EU committee wants to simplify the investment for everyone. In the future, more citizens must invest their money instead of leaving it on the savings book. A strategy must be available at the end of September.
For example, new rules for more savings and investment accounts are planned in the EU countries. In some states there are such easy to use and digitally accessible accounts, the EU committee announced on Wednesday. These are, for example, with low taxes and little to no change costs for providers.
Each EU member currently has his own capital market with its own rules, for example for the legal structure of companies and for tax regulations. This should be different in the future, making cross -border -investing easier.
Savings often on the bank
According to the EU committee, there are currently around ten trillion euros from citizens in the bank. The money there is safe and easily available, but do not throw away much compared to investment products. It should also be easier for large investors such as insurance companies to invest in shares. Tax obstacles for cross border investments must be dismantled. Moreover, suggestions for a more uniform supervision of stock exchanges will be submitted in the coming year. This is controversial between the rental states.
“Europe urgently needs a strong capital market to guarantee our economic competitiveness and to keep innovations in the EU,” said ÖVP-EU politician Angelika Winzig in a broadcast. “We now have to develop a sustainable and sustainable financing strategy,” says Spöt Spö European member of Evelyn Reger.
EU needs money
A reinforcement of financial education is also planned. Incidentally, the background of the measures is that the EU itself needs money. If more people invest in local financial markets, more capital is available that can be used, for example for defense expenditure and digital developments.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
